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Commercial/Residential property on Highway 2

Great opportunity for investor or owner/user. 1300 sf, 2 bed/1.5 bath home located behind 768 sf commercial building on Highway 2. There is an additional 1200 sf garage/storage building. Current tenants rent both home and office, please respect their privacy. Perfect home and office for builder, roofer, plumber, etc. Investors: Rent out each building separately for better cash flow!

Find details on the CBA website: http://www.commercialmls.com/index.cfm?fuseaction=property.detailFS&ln=436058  

Where is this? Check Virtual Earth: http://maps.live.com/default.aspx?v=2&FORM=LMLTCC&cp=47.849152~-121.686523&style=h&lvl=16&tilt=-90&dir=0&alt=-1000&phx=0&phy=0&phscl=1&encType=1  

Here are photos:

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Front view of commercial building with a glimpse of the storage building and residential unit behind it.   28090820_03

 That could be your sign on the building!  

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Building has great visibiliity and accessibility from highway 2  

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This is the residential unit.  

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This is the main commercial building.  

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Another view of the residential unit.  

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Storage building/garage next to residential unit and behind the commercial one.  

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View of Highway 2 facing east  

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View of Highway 2 facing west

 

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Jason Hershey, Designated Broker
Tellus Real Estate Solutions, LLC
PO Box 1113
Duvall, WA 98019
Office: (877) 413-7325
Cell: 425-417-5389Fax: 425-223-3148

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Comment balloon 2 commentsJason Hershey • May 25 2008 12:54AM

Comments

Are you able to find somone to rent the building to cover a mtg payment?

Posted by Brian Kreick (Willinger Real Estate) over 10 years ago

The whole property is currently rented for $1495 a month.  The tenant lives there and uses the commercial building for his paving business.  Cash flow would probably be a little higher if the new owner rented out the commercial separately from the residential.

So, covering the mortgage would be dependent on the downpayment and loan terms.

Posted by Jason Hershey over 10 years ago

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